Core Viewpoint - Iveco Group N.V. has transferred full ownership of its Defence Business to Leonardo S.p.A. for an enterprise value of €1.7 billion, creating a stronger competitor in the European land defence segment [1]. Group 1: Transaction Details - The sale price for the Defence Business is set at €1.6 billion, subject to closing adjustments, with final settlement expected by early April [1]. - The Defence Business Unit had a book value of €313 million as of 31 December 2025 and has been classified as "Discontinued Operations" since Q3 2025 [4]. Group 2: Shareholder Impact - Net proceeds from the sale will be distributed to shareholders as an extraordinary interim dividend, estimated between €5.7 and €5.8 per share, with payment anticipated in April [2]. - The Extraordinary General Meeting on 25 March 2026 will discuss the distribution of the extraordinary dividend, and the agenda item regarding the spin-off of the Defence Business has been removed [3]. Group 3: Strategic Implications - The separation of the Defence Business is a condition for the completion of Tata Motors Limited's voluntary tender offer for all issued common shares of Iveco Group [5]. - The transaction is expected to enhance the capabilities of the Defence Business under Leonardo S.p.A., allowing it to compete more effectively in global markets [5]. Group 4: Company Overview - Iveco Group N.V. is a global player in the automotive industry, employing 33,000 people and operating 16 industrial sites and 22 R&D centers, focusing on sustainable mobility and customer-driven technologies [6].

Core Viewpoint - Huhtamäki Oyj has announced the results of its tender offer for the 2027 Notes, indicating an intention to accept EUR 125 million in aggregate principal amount of the notes tendered for purchase, with a proration factor of approximately 37.142% [3][4]. Group 1: Tender Offer Details - The tender offer for the 2027 Notes expired on September 1, 2025, at 6:00 p.m. Finnish time, and no further notes can be tendered for purchase [2]. - The Offeror has the discretion to decide the final amount of 2027 Notes accepted for purchase, which may include not accepting any purchases [4]. - The final results of the tender offer will be announced after the pricing time on September 2, 2025, around 12:00 noon Finnish time [5]. Group 2: Company Overview - Huhtamäki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and reducing food waste [6]. - The company has over 100 years of history, operates in 36 countries with around 18,000 professionals, and reported net sales of EUR 4.1 billion in 2024 [7].